Heartland Advisors Inc. Has $111,000 Stake in Cal-Maine Foods, Inc. (NASDAQ:CALM)

Heartland Advisors Inc. reduced its stake in Cal-Maine Foods, Inc. (NASDAQ:CALM) by 98.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,082 shares of the basic materials company’s stock after selling 91,586 shares during the quarter. Heartland Advisors Inc.’s holdings in Cal-Maine Foods were worth $111,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CALM. Quarry LP boosted its position in shares of Cal-Maine Foods by 32.5% during the third quarter. Quarry LP now owns 770 shares of the basic materials company’s stock worth $58,000 after buying an additional 189 shares during the period. Smartleaf Asset Management LLC lifted its stake in Cal-Maine Foods by 339.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,032 shares of the basic materials company’s stock valued at $105,000 after acquiring an additional 797 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Cal-Maine Foods during the 4th quarter worth approximately $134,000. GAMMA Investing LLC grew its stake in shares of Cal-Maine Foods by 24.3% during the 4th quarter. GAMMA Investing LLC now owns 1,368 shares of the basic materials company’s stock worth $141,000 after acquiring an additional 267 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Cal-Maine Foods by 350.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,437 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 1,118 shares during the last quarter. Institutional investors own 84.67% of the company’s stock.

Analyst Upgrades and Downgrades

CALM has been the subject of a number of analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $97.00 target price on shares of Cal-Maine Foods in a research report on Thursday, March 6th. StockNews.com downgraded Cal-Maine Foods from a “buy” rating to a “hold” rating in a research report on Tuesday.

Cal-Maine Foods Trading Down 1.3 %

NASDAQ CALM opened at $91.01 on Friday. The firm has a market capitalization of $4.46 billion, a P/E ratio of 7.08 and a beta of -0.12. The firm’s fifty day moving average price is $97.15 and its two-hundred day moving average price is $94.25. Cal-Maine Foods, Inc. has a 1 year low of $55.00 and a 1 year high of $116.41.

Cal-Maine Foods (NASDAQ:CALM) last issued its earnings results on Tuesday, January 7th. The basic materials company reported $4.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.42. Cal-Maine Foods had a net margin of 20.39% and a return on equity of 33.69%. The company had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $751.50 million. During the same period in the prior year, the firm earned $0.35 EPS. Cal-Maine Foods’s quarterly revenue was up 82.5% compared to the same quarter last year. On average, research analysts anticipate that Cal-Maine Foods, Inc. will post 15.59 EPS for the current fiscal year.

Insider Activity

In other news, Director Letitia Callender Hughes sold 809 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $109.97, for a total value of $88,965.73. Following the transaction, the director now directly owns 42,761 shares of the company’s stock, valued at $4,702,427.17. This represents a 1.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 13.45% of the company’s stock.

Cal-Maine Foods Company Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names.